But largest U.S. home improvement retailer raises its 2009 outlook
ATLANTA - Home Depot Inc.'s third-quarter earnings fell 8.9 percent as the housing and renovation markets remained weak, the nation's largest home improvement retailer said Tuesday.
The company also raised its full-year earnings outlook as the quarter's earnings topped expectations. CEO Frank Blake said the company has seen signs of stabilization in real estate and has added market share in the quarter.
Home Depot and other home-improvement retailers have faced sales declines as consumers hold back on do-it-yourself projects amid worry over jobs and home values. Although the U.S. housing market is stabilizing, after a nearly three-year decline, home prices remain far below their peak.
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2 comments:
Perhaps thay should quit sponsering Toyota in NASCAR.
I will NEVER shop there as long as they sponser TOYOTA!
Yeah, how dare they support someone who makes products people like. It's much better to be a far left protectionist.
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